[quote=Eugene][quote=jstoesz][quote=Eugene]
That newly created capital is not used to buy anything yet. It is not in the hands of people who do any real buying. It never leaves the vaults of financial institutions or at least it has not yet.[/quote]
Bold is mine.[/quote]
Do you expect that it will, any time soon? Do you see a mechanism for that?[/quote]
I can not read the future, but when banks do not have to mark to market, they can hold what ever reserves the wish…
